Grant Accounting

Giuntabell will facilitate the development of a grant recognition policy. The policy will include the following:

• Details of the applicable accounting standards
• How grant invoices are to be recorded in the accounting system
• The end of month process involved calculating the amount of grant income recorded
• Grant Reserve accounting methodology used
• Recording of grant income associated with capital acquisitions and program setup costs
• How grants received for the distribution to third party agencies is to be recorded.

If your organisation requires assistance to adhere to new accounting standards or build governance processes which support grant accounting contact us now.